21. Loans of very small amounts given to low income goups is called-
A. Cash credit.
B. Micro credit.
C. Simple overdraft.
D. No frills loans.
Answer with Explanation
Answer: Option B
Explanation:
No explanation for this question.
22. Reserve bank of India (RBI) was established in-
A. 1935
B. 1938
C. 1947
D. 1948
Answer with Explanation
Answer: Option A
Explanation:
Reserve Bank of India (RBI) is the supreme monetary authority of India. RBI was established in 1935 at the time of British reign in India. All the banks and financial institutions in India are controlled by the Reserve Bank of India. RBI was nationalised in 1949.
23. Which is the wrong statement in case of Bank Rate?
A. Banks borrows money from the supreme banking authority.
B. Banks borrows money from the supreme banking authority by selling its financial assets.
C. Banks borrows money from the supreme banking authority by selling its Securities.
D. None of these.
Answer with Explanation
Answer: Option C
Explanation:
No explanation for this question.
24. A reduction of repo rate-
A. makes expensive for scheduled banks to borrow from RBI.
B. helps RBI to get money from scheduled banks at cheaper rate.
C. helps banks to get money from RBI at cheaper rate.
D. None of these.
Answer with Explanation
Answer: Option C
Explanation:
No explanation for this question.
25. What is the full form of ECB?
A. External Cooperative Borrowings.
B. Extra Cooperative Borrowings.
C. External Commercial Borrowings.
D. Extra Commercial Borrowings.
Answer with Explanation
Answer: Option C
Explanation:
No explanation for this question.
26. EMI stands for-
A. Equated Monthly Installment.
B. Equal Monthly Installment.
C. Extra Monthly Installment.
D. Extra Monthly Investment.
Answer with Explanation
Answer: Option A
Explanation:
No explanation for this question.
27. Non Banking Financial Companies (NBFCs) are financial institution that-
A. hold a banking licence.
B. does not hold a banking licence.
C. are government undertaking institutions.
D. None of these.
Answer with Explanation
Answer: Option B
Explanation:
No explanation for this question.
28. Which organisation or group or body is the rgulator for the security markets in India?
A. RBI
B. SEBI
C. IMF
D. CAG
Answer with Explanation
Answer: Option B
Explanation:
No explanation for this question.
29. Union budget of India comes under which Article of the Indian Constitution?
A. Article No. 14
B. Article No. 16
C. Article No. 112
D. Article No. 114
Answer with Explanation
Answer: Option C
Explanation:
No explanation for this question.
30. First White label ATM in India is launched by-
A. Infosys.
B. Reliance Group.
C. TCPSL.
D. Ashok Leyland Limited
Answer with Explanation
Answer: Option C
Explanation:
Tata Communication Payment Solutions Limited (TCPSL) started the first White Label Automated Teller Machine (ATM) in India with the name of ‘Indicash’.
Generally, we see ATMs with a Bank logo. But White label ATMs does not belong to any bank and doesn’t have any bank logo. Non-banking companies can run white label ATMs by following
certain conditions made by the Reserve Bank of India(RBI).
31. Who was the first governor of RBI?
A. Sir Osborne Smith.
B. Sir James Taylor.
C. Sir C D Deshmukh
D. None of these.
Answer with Explanation
Answer: Option A
Explanation:
No explanation for this question.
32. In comparison with Liquidity Adjustment facility (LAF), Marginal Standing Facility (MSF) has-
A. Higher Rate of Interest.
B. Lower Rate of Interest.
C. no difference in inerest rate.
D. None of these.
Answer with Explanation
Answer: Option A
Explanation:
No explanation for this question.
33. Which Private sector Bank launched the first EMI on Debit Cards?
A. HDFC Bank.
B. ICICI Bank.
C. Punjab National Bank.
D. Axis Bank.
Answer with Explanation
Answer: Option B
Explanation:
No explanation for this question.
34. Indian Depository Receipt (IDR) is the-
A. proof of Indian companiess share.
B. is an unsecured money market instrument.
C. proof of ownership of foreign companies share.
D. proof of earnings or profits of Indian Companies.
Answer with Explanation
Answer: Option C
Explanation:
No explanation for this question.